Contingent Consideration (BPP Q11 Robby)Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Contingent Consideration (BPP Q11 Robby)This topic has 1 reply, 2 voices, and was last updated 5 months ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts June 20, 2024 at 5:14 pm #707470 Luna777ParticipantTopics: 7Replies: 6☆Hi Stephen,When adjusting the CSOFP, why is the amount added to NCL $40m, instead of $42m?As the contingent consideration has not been accounted for in Robby’s individual FS at acqn, and has been adjusted to $42m at y/e, I believe $42m should be added back.Thank you very much! June 21, 2024 at 8:20 am #707489 Stephen WidbergKeymasterTopics: 15Replies: 3336☆☆☆☆☆Date of acquisitionUse FV at that date 40SFP dateAs consideration is in CASH as opposed to SHARES, it must be remeasured – Dr P&L Cr Liability 2 – no impact on goodwill – regular liability accounting🙂AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In